Investment Opps

Challenger Ltd has launched Challenger Capital Notes which will raise $250m (more or less), to fund future growth in its annuity business. All proceeds will be used to fund additional Tier 1 capital for Challenger Life. It is expected they will be quoted on the ASX under CGFPA. Notes are fully paid, unsecured, subordinated, perpetual notes which will convert into ordinary shares on or after 25th May 2022 subject to certain conditions. Holders will receive a discretionary, floating rate and non-cumulative quarterly distributions which are expected to be 70% franked. The margin under book build is 3.4-3.60% p.a.   UBS is the Structuring Adviser and Joint Lead Manager. J.P. Morgan, National Australia Bank, and Westpac Institutional Bank have also been appointed JLMs.   Further information can be found at www.challengercapitalnotes.com.au For Australian Investors only, not for distribution in the United States.

CGF has announced its intention to raise $250m in an underwritten Institutional Share Placement, and a further $30m from existing retail shareholders via an SPP. The Institutional Placement will be offered to qualified and Sophisticated Investors today, with the issue price determined via a variable price bookbuild process with an underwritten “floor” of $7.35 per share. The floor is a 6% discount to the last closing price on 19/8/14, adjusted for final FY14 dividend of 13.5c per share. SPP record date 19/8/2014 7pm   Further information can be found at www.challenger.com.au For Australian Investors only, not for distribution in the United States.

QBE has successfully completed an A$650m Institutional Share Placement at $10.10 of new capital. Settlement will occur on 26th August 2014, and placement being allotted and quoted on the ASX on 27th August 2014. QBE shareholders will have the opportunity to participate in a Share Purchase Plan to raise approximately A$160m at the lower of $10.10 or 2% discount to the VWAP of QBE shares during the 5 trading days before the closing date for applications under the SPP. Record date for SPP is 18th August 2014, and closing date is 12 September 2014.   Further information can be found at www.qbe.com For Australian Investors only, not for distribution in the United States.

Stockwell Funds Management Pty Ltd ACN 162 290 379, AFSL 437581 presents the opportunity to invest in a modern neighbourhood shopping centre, anchored by a Supa IGA Supermarket and Target discount department store. The Trust is a single asset Managed Investment Scheme, with an investment term of 5-7yrs.